CMH Wealth Management LLC Cuts Stock Position in Apple Inc. $AAPL

Key Points

• CMH Wealth Management trimmed its Apple position by 1.9% in the second quarter, selling 1,685 shares and retaining 87,186 shares worth approximately $25.2 million. Apple remains the firm’s fourth-largest holding, representing about 3.9% of its portfolio.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $340.02; Apple recently exceeded quarterly earnings and revenue expectations.
• Key risks include a $5.7 billion patent verdict, potential pressure on the high-margin services business from competing AI agents, rising component costs, and Apple’s relatively elevated valuation.

CMH Wealth Management LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,186 shares of the iPhone maker's stock after selling 1,685 shares during the period. Apple accounts for approximately 3.9% of CMH Wealth Management LLC's investment portfolio, making the stock its 4th biggest position. CMH Wealth Management LLC's holdings in Apple were worth $25,228,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Berkshire Hathaway Inc acquired a new position in shares of Apple in the 2nd quarter valued at approximately $65,950,297,000. Bank of America Corp DE bought a new stake in shares of Apple in the 2nd quarter worth approximately $36,986,090,000. Legal & General Group Plc purchased a new position in Apple during the 2nd quarter valued at about $30,443,242,000. Nuveen LLC grew its position in Apple by 3.8% in the fourth quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock worth $20,389,750,000 after acquiring an additional 2,725,121 shares in the last quarter. Finally, Amundi increased its stake in Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after purchasing an additional 13,780,080 shares during the period. Institutional investors own 67.73% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Arete Research raised their target price on shares of Apple from $305.00 to $335.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. UBS Group restated a "buy" rating on shares of Apple in a research note on Thursday, September 17th. Daiwa Securities Group lifted their price target on shares of Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Bank of America restated a "buy" rating and issued a $370.00 price target on shares of Apple in a research report on Wednesday, September 23rd. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $340.02.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is launching new safeguards designed to protect its devices from probing AI agents. The move may strengthen user trust and help preserve Apple’s security-focused ecosystem as agentic AI becomes more prominent. Apple Launches New Safeguards Against AI Agents
• Positive Sentiment: The fall product cycle remains a near-term tailwind. Morgan Stanley modestly raised its revenue forecast after Apple’s launches, while Counterpoint reportedly expects about 6 million sales of the $1,999 foldable iPhone Duo this year. New Apple Watch health features and potential smart-home products could also broaden the company’s ecosystem. Apple’s Fall Product Cycle Could Support Revenue Growth
• Neutral Sentiment: Morgan Stanley maintained an Overweight rating but lowered its price target to $355 from $360. Higher memory and component costs, along with possible iPhone pricing pressure, are offsetting much of the expected product-revenue benefit. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury’s $5.7 billion patent verdict against Apple has raised concerns about potential ongoing royalties and pressure on hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain worried that AI agents from rivals such as Meta could bypass the App Store and weaken Apple’s high-margin services business. Analysts also see limited upside after Apple’s strong run and its relatively rich valuation.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares valued at approximately $806,496, reducing her direct holdings by 5.4%. The transaction is small relative to her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Apple Price Performance

Apple stock opened at $333.69 on Friday. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34. The stock has a market cap of $4.87 trillion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. The firm has a 50-day moving average of $322.16 and a two-hundred day moving average of $300.01. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.57 earnings per share. On average, research analysts forecast that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio is currently 12.39%.

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the completion of the sale, the senior vice president directly owned 41,992 shares in the company, valued at $14,116,870.56. This represents a 5.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 13,430 shares of company stock worth $4,342,255. 0.06% of the stock is currently owned by corporate insiders.

About Apple

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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